MyJHB

Stuff from Johannesburg

Away teams impress in CHAN qualifiers

Johannesburg in the news:

  1. Away teams impress in CHAN qualifiers: JOHANNESBURG, South Africa, Jul 28 – Malian Moussa Kone and Namibian Elmo Kambindu scored twice each as their countries built first-leg leads … – Google Alert – Johannesburg
  2. No wrongdoing by Douglasdale officers who restrained woman: Inquiry: The video showed the woman being restrained by a Johannesburg Metropolitan Police Department (JMPD) officer while another person, purported to … – Google Alert – Johannesburg
  3. Porn DVDs seized on Joburg streets destroyed by authorities: The DVDs were being sold on the streets and at taxi ranks in Johannesburg, said police spokesman Col Lungelo Dlamini. "The destruction process is … – Google Alert – Johannesburg
  4. City of Joburg finds that officers who restrained drunk driver in viral video were 'acting within their …: The City of Joburg (COJ) has found that the Johannesburg Metro Police Department (JMPD) officials who were captured forcefully restraining a drunk … – Google Alert – Johannesburg
  5. South African land reform panel recommends seizures without pay in certain circumstances: JOHANNESBURG (Reuters) – An advisory report on land reform in South Africa has recommended changing the constitution to allow the government … – Google Alert – Johannesburg

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Did you know this about Johannesburg? Mponeng Gold Mine is the world’s deepest mine: The mine is located on the outskirts of Johannesburg (near Westonaria). The mining shaft of this mine extends down to 4 kilometres below the surface. A trip to the bottom of the mine takes about an hour.

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Africa’s Economic Heartbeat and the JSE

Johannesburg is the undisputed financial capital of the African continent. It is classified as an “Alpha Global City,” meaning it plays a primary role in the global economic network. The city generates roughly 16% of South Africa’s GDP and is the headquarters for 74% of the major multinational companies operating in Sub-Saharan Africa.

At the center of this economic power is the Johannesburg Stock Exchange (JSE). Founded in 1887, just one year after the city’s birth, the JSE was initially a way to raise capital for deep-level mining. Today, it is the largest stock exchange in Africa and ranks among the top 20 in the world by market capitalization. The financial district has moved from the historic city center to Sandton, an area often called “Africa’s Richest Square Mile.” This shift reflects Johannesburg’s evolution from a rough-and-tumble mining camp into a sophisticated service-and-finance economy. Despite the decline in actual mining, the city remains the “command and control” center for the continent’s mineral wealth, telecommunications, and banking sectors.